#Gold saw a sharp drop, which wasn’t unexpected. A mix of profit booking, a strong US dollar, higher interest rates, increased margin requirements, and demand cooling after the recent spike all played their part.
Right now, price action feels more sentiment-driven than technical. At these elevated levels, aggressive buys look risky, and volatility can easily expand in either direction.
Best approach here:
➡️ Keep positions light
➡️ Scale into small buys if needed
➡️ Shorts look more probable until sentiment stabilizes
Patience and risk management matter more than prediction at this stage.